Wednesday, September 29, 2010
Tuesday, September 28, 2010
28th Sept 2010 – This is what I am BUSY with these few days…
Mission Impossible!!! Believe me, this post only mark the beginning of more BUSY to come…
This is definitely much tougher than stock analysis. Trust me!
Monday, September 27, 2010
27th Sept 2010 – Volatile Dragon
This post is backdated for 24th Sept 2010. I really don’t have time these few days to do my homework and update this blog of mine.
Input:
- I still did not manage to tame this dragon.
Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
| 13.21 |
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Reason for Buy / Sell / Sell Short / Buy Back:
- Market was just too Bullish, PY actually punch thru 114.5. Definitely something that I don't want to see.
- DJIA gap almost 100 point before market. That is really bad for Bear.
Lesson Learnt:
- This dragon is just so volatile. Previous day it was at $14.00. Unbelievable.
Intraday Chart
Sunday, September 26, 2010
26th Sept 2010 – Totally run out of time.
This weekend I totally ran out of time to do any analysis. My sister is up at my place and she need to look for some kind of weird flowers for her research work in the University. Will meet up with her University professor for further detail discussion tomorrow.
Will try to post my stock analysis tomorrow night.
Friday, September 24, 2010
24th Sept 2010 – Updates on my fight with the Dragon
- This shows what can happen if not enough home work is done.
- The mighty fight continues.
Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
13.09 |
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Reason for Buy / Sell / Sell Short / Buy Back:
- I am still Bearish on the market and market start to show the sign again.
- Finally the price break through both the 20MA and 50MA line at intraday chart and came to my first buy point. That really hurt.
Lesson Learnt:
- Not enough analysis or study on FAZ chart is the reason why I sell in panic.
- Have learnt to take control of my wounded emotion and got back in after realize that it is a big mistake to sell it in the first place.
- If I have visited the chart in the FINVIZ, I would have got the best entry estimated price or at least I will not sell in panic.
Intraday Chart
24th Sept 2010 – Chart pattern works everywhere.
All the chart pattern works everywhere, including the reverse ETF sectors. Check these out.
Lesson learnt: – Remember to check out the charts in FINVIZ before you fire your gun.
Thursday, September 23, 2010
23rd Sept 2010 – David Callaway’s “Call Away”
I like this guy. He is on the same Bear camp as I do. He has been “calling people to stay away”. Please forgive us, we have made the call slightly earlier.
23rd Sept 2010 – More job lost.
The job loss has always been high. Just that they don’t want to admit it and keep pushing stock higher.
23rd Sept 2010 – Shame of myself
There are few points that I feel really ashamed of:
1. I can never be as rich as this billionaire.
2. I have have two pair of such shoes, but mine are newer. One is bought when I get married and another one 3 months back.
3. I don’t think I ever has a chance to chat like this with Mrs President.
Wednesday, September 22, 2010
21st Sept 2010 – FOMC Day.
This is how volatile the night can be when come to FOMC Day. So the rule is do not trade on such a night. You could easily be at the wrong side by just few minutes.
Tuesday, September 21, 2010
20th Sept 2010 – The Dragon tail spin
Did I warn you about the Dragon tail??!!
- The dragon killed me again
Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
| $12.65 |
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Reason for Buy / Sell / Sell Short / Buy Back:
- Stop loss triggered.
Lesson Learnt:
- I should have run together with JPM when I realized the market is not going the way I wanted it to and not to let it hit my stop loss.
- I should not have traded these few weeks. I just did not do what I was supposed to do - Sit on my hands.
Intraday Chart
20th Sept 2010 – I was WRONG again!
Input:
- I am WRONG again with my market analysis.
- I decide to take my SHORT in JPM off the table. Since I can be out at break even, let's not take any extra risk since the market is slapping my face already.
Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
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| $40.40 |
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Reason for Buy / Sell / Sell Short / Buy Back:
- Market rally after data released: http://stockaki.blogspot.com/2010/09/20th-sept-2010-this-really-shock-me.html
- Refer to the SPY daily chart below.
Lesson Learnt:
- For time like this when the data is flat (does not really show good news) it will still be treated as good news. "No bad news is good news".
- The market can be insane, but HE is always right.
Intraday Chart